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HUGE Corn Yield Estimate from StoneX - Fair or Foul??

Published 10Β months, 3Β weeks ago
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0:00 Subscribe to the Channel!
1:01 StoneX Estimates
5:22 Corn Selloff
7:05 Crop Conditions
11:37 Brazil Harvest
12:56 Strong Shipments

πŸŒ½πŸ“Š StoneX Sees RECORD Corn Yield! Soybeans Also Strong πŸ’ͺ

πŸ‘€ A well-followed private group, StoneX, just dropped massive US crop estimates based on their customer survey… and the numbers are way above USDA’s latest!

🌽 Corn Yield:
πŸ”Ή 188.1 bpa vs. USDA’s 181.0
πŸ”Ή 16.32B bushels vs. USDA’s 15.71B

🌱 Soybean Yield:
πŸ”Ή 53.6 bpa vs. USDA’s 52.5
πŸ”Ή 4.43B bushels vs. USDA’s 4.34B

These estimates are based on input from StoneX’s grain-buying customers & agronomists πŸ§‘β€πŸŒΎπŸ“‹Β 

πŸ“‰ Market Reaction:
Corn futures sank again on Monday, with the Dec25 contract hitting a new life-of-contract low at $4.07/bu. Favorable US weather 🌀️ and a record Brazilian crop 🌎🌽 are dragging prices down.

🌾 Crop Conditions:
βœ… US Corn: 73% G/E – 2nd best in a decade!
βœ… US Soybeans: 69% G/E – Highest since 2020
πŸ“‰ US Spring Wheat: 48% G/E – down for a 3rd straight week
🚜 Winter Wheat: 86% harvested and nearly wrapped up

πŸ‡§πŸ‡· Brazil Corn Harvest:
⏳ Behind last year’s pace, but picking up fast!
πŸ“¦ Total corn crop pegged at a record 136.3mmt

🚒 Export Inspections:
πŸ”Έ Corn: 1.2mmt (πŸ“‰ 21% WoW)
πŸ”Έ Soybeans: 612k mt (πŸ“ˆ 130% YoY)
πŸ”Έ Wheat: 599k mt (πŸ“ˆ 107% WoW)

πŸ‘‡ Drop your thoughts in the comments, and don’t forget to like πŸ‘, subscribe πŸ””, and share if this info helps you stay ahead of the market!

#Corn #Soybeans #GrainMarkets #CropUpdate #StoneX #Futures #USDA #Wheat #AgNews #FarmEconomics πŸŒΎπŸŒ½πŸ“ˆ

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